EUR/JPY halts a week-long slide to trade at 177.40, finding technical support at the base of a descending channel as buyers emerge.
The currency cross halted its seven-day losing streak and rebounded from the descending channel bottom, suggesting a temporary bounce.
The EUR/JPY currency pair snapped a seven-day decline, trading near 177.40 during Tuesday's Asian session. Technical indicators suggest the pair found support at the lower boundary of a descending channel, signaling a potential short-term recovery.
The pair is experiencing a technical rebound after testing support at the lower boundary of a descending channel, ending a seven-day losing streak.